After a week of consolidation, XDC Network (XDC) has staged a strong breakout, surging 10% to an intraday high of $0.072 on March 20. This rally pushed it past the $0.07 resistance level, which had held for over a week, signaling renewed bullish momentum.
Market Performance and Key Metrics
At the time of the breakout, XDC’s market cap exceeded $1.1 billion, while daily trading volume surged 25% to $40 million, according to Crypto.news.
The surge in XDC’s price and trading activity comes amid growing excitement over new ecosystem developments and partnerships aimed at driving broader blockchain adoption.
XDC’s Strategic Partnerships Fuel Growth
1. Mercado Bitcoin Collaboration XDC’s breakout was fueled in part by its latest partnership with Mercado Bitcoin (MB), one of Brazil’s largest cryptocurrency exchanges.
- The partnership will focus on expanding the real-world asset (RWA) token market.
- MB will leverage XDC Network’s blockchain infrastructure to bring its tokenized investment products to a global audience.
- Investors see this as a step toward institutional adoption, with the total market cap of RWA tokens (excluding stablecoins) now at $18.3 billion, according to RWA.xyz.
2. XDC Payments Program and RWA Accelerator in Seoul
- XDC has also gained traction with the launch of the XDC Payments Program in Seoul, in partnership with PlugAndPlay APAC.
- This initiative aims to connect South Korea’s Web3 startups, developers, and enterprises with XDC Network’s blockchain solutions.
- South Korea’s blockchain ecosystem is booming, making this partnership a key driver for XDC’s adoption.
Additionally, PlugAndPlay has announced the first-ever XDC Network RWA Accelerator, which launched on March 18, 2025. Out of 100 applicants, 11 top projects were selected to integrate with XDC Network, pioneering new use cases in RWA tokenization.
XDC Price Analysis and Technical Outlook
Technical indicators suggest that XDC could see further gains in the coming days.
Key Technical Highlights:
- Breakout from $0.07 resistance: XDC has surpassed the key resistance level, signaling strength.
- Bullish reversal formation: The altcoin is on the verge of breaking out of a five-week descending parallel channel.
- Aroon Indicator: The Aroon Up at 92.86% and Aroon Down at 42.86% confirm strong buying pressure and a dominant bullish trend.
- MACD Indicator: The MACD lines are pointing upward, reinforcing the bullish momentum.
If XDC breaks out fully from the descending parallel channel, it could continue its rally toward the $0.080 psychological resistance level. A successful breakout above $0.080 could push the altcoin higher, potentially retesting the $0.103 level it last reached in mid-February 2025.
With strong fundamental catalysts and bullish technical indicators, XDC’s breakout suggests a potential uptrend forming. At press time, XDC was up 6.3%, trading at $0.070 per coin, as investors continue to respond positively to new partnerships and ecosystem developments.
